All posts tagged Bitcoin

Case Wallet Inc., just started taking preorders for its credit-card-size device used to securely store and send bitcoin, but it sees much broader applications for its biometric and other security know-how.

The world’s best-funded bitcoin startup has revealed plans to market a line of chips to embed in consumer devices, allowing smartphones and other Internet-connected gadgets to continuously earn digital currency through the process known as “mining.” Read More »

Robert Witloff joined NASA at 22, working on the Jet Propulsion Laboratory’s communications laser to the International Space Station and organizing data sent back from the Mars Rover. Now he’s 28, and working on exploring the blockchain at bitcoin startup Coinbase. Read More »

ItBit, a New York-based digital-currency exchange, opened its doors on Thursday to U.S. customers as a trust company. The 18-month old startup announced that it has received a trust company charter from the New York State Department of Financial Services that will allow it to operate in all 50 states as a fully regulated financial-services entity. Read More »

For the past year and a half, a Silicon Valley startup has quietly convinced some of the biggest names in venture capital to back its effort to turn the technology behind bitcoin into a mass-marketed phenomenon.

Now, that company, which bears the name 21 Inc., is emerging from stealth to announce it has raised $116 million in venture funding, the most ever by a startup in the digital-currency sector, based on data from bitcoin news service Coindesk. Read More »

Venture capitalists continue investing in bitcoin mining company KnCMiner, despite several lawsuits filed against it by customers.

Stockholm-based KnCMiner raised $15 million in a Series B round led by Accel Partners. Existing investors Creandum, GP Bullhound and angel investor Martin Wattin, also participated. Creandum led a $14 million Series A investment in the company last year. Read More »

Add the founders of startup Colu and its new venture capital investors to the growing number of voices that see bitcoin’s usefulness not just in the form of currency but in the decentralized network it runs on. Read More »

Longtime bitcoin backer Adam Draper took it one step further recently.

Mr. Draper, the son of venture capitalist and fellow bitcoin booster Tim Draper, decided all of the 25 or so companies accepted in the next class at his Boost VC incubator will be focused on the cyber-currency. Read More »

San Francisco-based Payward Inc., operator of the Kraken bitcoin exchange, will help the collapsed Mt. Gox exchange investigate the loss of hundreds of thousands of bitcoins and manage the process of paying back its creditors, the companies said Wednesday.

The partnership agreement was approved by a Tokyo bankruptcy court Monday, Ayako Miyaguchi, the head of Japan operations for Kraken, told The Wall Street Journal. Read More »

About Venture Capital Dispatch

Produced by the editors of Dow Jones VentureWire, Venture Capital Dispatch tracks the fast-moving developments at the intersection of high-tech innovation and venture capital finance. Featuring the VentureWire reporting team in the Silicon Valley, New York, Boston and Shanghai tech centers, Venture Capital Dispatch provides insight into the newest start-ups and latest trends in venture capital investing. Write us at VCdispatch@dowjones.com. For more information on Dow Jones products covering venture capital and other financial markets, go to http://pevc.dowjones.com.